The unexpected announcement of the
US-China trade negotiation results indicates that the US will impose a 30%
tariff on China, while China will impose a 10% tariff on the US. Combined with
the 20% tariff from 2018, China faces roughly 50% tariffs overall. The trade
war will pause for 90 days, with further negotiations on other issues to
follow.
Most of the 20% tariff from 2018 has
been mitigated by China through methods like transshipment and overseas
exports. The mutual 10% tariffs offset each other, leaving an effective tariff
of about 20%. Producers, importers, and consumers each bear a portion, with
China’s export tax rebates and recent RMB depreciation further cushioning the
impact. Additionally, the US applies a baseline tariff of around 10% to other
countries, suggesting that the trade dispute between the two nations is largely
resolved. While there may be fluctuations after the 90-day period, the general
direction is set. Trump’s tariff drama with China is on hold, but he will
likely continue pressuring other countries. Except for the EU and Japan, most
nations lack the economic strength to counter the US. China, the most
resistant, faces 30% tariffs, while others will likely face around 20% on
average, with specific items varying.
Debating who won or lost this round is
less meaningful than recognizing that the trade dispute hasn’t worsened. The US
and China account for over a third of the global economy, and a tariff war
threatens not only both nations but also global economic stability. The
instigator, Trump, a failed businessman who has gone bankrupt six times, has
relied on Russian funds to bail himself out and has no notable success in
commercial trade. His approach—self-serving and damaging to others—mirrors his
governance: driven by personal whims, marked by erratic statements,
inconsistent strategies, chaotic negotiations, and a lack of credibility. He
bullies the weak while fearing the strong. Decoupling from China requires a
national strategy, allied coordination, long-term planning, and a focus on
ideological differences rather than trade disputes. Suppression should target
authoritarian leaders, not their people.
Trump’s tariff war against the world
has backfired, with China’s counterstrike forcing a compromise. Post-WWII
globalization, driven by US military and economic dominance, matured after the
Cold War. The US specializes in high-tech innovation, and manufacturing revival
is infeasible due to high costs. Without Chinese imports, the US economy would
stall, as entire supply chains vanished decades ago and cannot be rebuilt
quickly. Decoupling from China’s full industrial chain would take over a
decade. During the late Cold War, the US allied with China against the Soviets,
and globalization was a US-led project. Until Trump’s presidency, the US and
China were strategic partners, benefiting mutually.
However, new leaders—amateur
politicians—have ushered in a post-Cold War strategic rivalry, with “allying
with Russia against the US” and “US-China decoupling” souring relations. This
has fractured global peace, splitting the world into opposing camps. Russia’s
invasion of Ukraine and the US-China trade war signal an economic world war
through tariffs, dismantling the post-Cold War order. The culprits—autocratic
leaders in the US, China, and Russia—share similar ideologies: “Make America
Great Again,” “Russian ethnic revival,” and the “Chinese Dream.” To pursue
these fantasies, they’ve disrupted global peace, prioritizing personal will
over national interests and law, waging unrestricted warfare that harms people
and destabilizes the planet, regressing history to pre-Cold War chaos.
The trade negotiation outcome warns
Trump that he cannot act unchecked. The stalemate in Ukraine shows Putin that
the era of might-makes-right is over. China, integrated into global trade,
cannot sustain a full confrontation with the West. Its economic pillars—exports
and real estate—are crumbling, with the property bubble already burst. Further
export suppression could trigger economic collapse, threatening the ruling
party’s legitimacy. Thus, the trade war is a political, not just economic,
issue. Trump has identified China’s vulnerability, and persistence could yield
long-term success. However, decoupling and collapsing China’s economy benefits
neither the US, the Chinese people, nor global stability. China’s unique role
as the world’s factory, with its unmatched industrial chain, is irreplaceable.
Without allies, the US cannot
economically overpower China. Trump’s unilateral, ego-driven trade war is
doomed, and his compromise is inevitable—a complete defeat. If “making America
great” results in soaring prices, empty shelves, and economic strife—where
families argue over costs, children lack toys or computers, and jobless
husbands face broken marriages—what does this “greatness” mean? As long as
Trump remains in power, America’s decline is certain. His folly and
recklessness led to the US defeating Germany and Japan in WWII in three years,
yet in this trade war with China, he was defeated in just one month!
沒有留言:
張貼留言